November 2016 Newsletter
Remember, remember to read our newsletter this November! We hope you enjoy the articles we’ve compiled for you this month.
So against all the odds, Donald Trump has been elected as America’s 45th President. Whatever your views, this will have a huge impact on world affairs and the markets which we will monitor closely.
Closer to home, attention will be on Philip Hammond as he delivers his first Autumn Statement on 23rd November. It will be interesting to see just how far he moves away from his predecessor’s monetary policies and the measures he introduces instead. One new initiative may be that there won’t be an Autumn Statement in future at all – he’s indicated that he would prefer that the Treasury concentrate on the Budget!
Anyway, we hope we’ve ‘sparked’ your interest. Do please get in touch if you have any questions or queries.
In this months issue:
A Trump presidency and what this means?
We would like to share with you a report from Nancy Curtin, Chief Investment Officer at Close Brothers Asset Management, with their view on what Donald Trump’s surprise victory to become the 45th president means for the economy and investments.
Savings ‘Moments of Truth’
A recent study has found that around one in three people in the 18-40 age bracket not only are not saving any money for when they retire, but also don’t consider it likely that they will begin paying towards their pension in the future. Many people aged between 30 and 40 said they now felt they had left it too late to begin putting money away for...
New lifetime allowance could hit more than just ‘pension millionaires’
The latest figures surrounding the pensions lifetime allowance (LTA), which governs how much your pensions can be worth without triggering an extra tax charge, suggest that a considerable number of middle-income earners are being hit by the lower threshold.
The next generation’s need for planning may be even greater than our own
Research from the Institute of Fiscal Studies (IFS) surrounding wealth in the UK has been making headlines in recent months. The study has found that people born during the 1980s are now half as wealthy as those born in the 1970s were at the same stage in their lives.
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